Where a power to sell real property is given to a mortgagee, or other encumbrancer, in an instrument intended to secure the payment of money, the power is part of the security and vests in any person who by assignment becomes entitled to payment of the money secured by the instrument. The power of sale may be exercised by the assignee if the assignment is duly acknowledged and recorded.
Cal. Civ. Code § 2932.5
Mortgages in General
Applied in 12 court decisions — leading case Pfeifer v. Countrywide Home Loans, Inc. (2012)
Most recently applied in San Francisco Apartment Ass'n v. City & County of San Francisco (February 2018)
Added by Stats. 1986, Ch. 820, Sec. 11
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.